Bracketing USDJPY in the 15 mins. LONG BAT for TCT (Bias:LONG)
From the recent impulsive move (up) of the market. Market right now is at consolidation.
There are two possible setups I can do right here.
First setup:
I could go and aggressively short the Bear Cypher Pattern and stops would be above our Setup Point of validity (red horizontal line) and targets would be its respective rations to the Bull Bat pattern completion. But as for Bias to go long you could and ignore the setup. But if your bias is to Short you can enter on that setup.
Second Setup:
I will wait for the Bull Bat Pattern Completion as per my bias that this market has still the gas to go up. Looking on some other factors such market structures, harmonics on the higher TF and the like. So I could go and aggressively buy on the Bat Pattern completion and take it as my enter for trend continuation (TCT) and targets would be extended and so.
Enjoy and Good Luck!
There are two possible setups I can do right here.
First setup:
I could go and aggressively short the Bear Cypher Pattern and stops would be above our Setup Point of validity (red horizontal line) and targets would be its respective rations to the Bull Bat pattern completion. But as for Bias to go long you could and ignore the setup. But if your bias is to Short you can enter on that setup.
Second Setup:
I will wait for the Bull Bat Pattern Completion as per my bias that this market has still the gas to go up. Looking on some other factors such market structures, harmonics on the higher TF and the like. So I could go and aggressively buy on the Bat Pattern completion and take it as my enter for trend continuation (TCT) and targets would be extended and so.
Enjoy and Good Luck!
Komen:
If you have taken LONG on the Bull Bat Pattern. TP 1 and TP 2 is already attained. As you can see price went back down. Congrats! Its up to you to enter LONG once again. If your trade plan says so plus your bias.
